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NEW YORK (360Dx) – Magnolia Medical Technologies said today that it has completed a $20 million Series C round of financing and anticipates using the funding to scale the company’s infrastructure and market initiatives.

RTW Investments led the financing round with participation from existing institutional investors HealthQuest Capital, SightLine Partners, and Canepa Healthcare. Naveen Yalamanchi, partner at RTW Investments, will join Magnolia's board of directors.

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